Beijing time on the morning of November 4th,

According to the Fed's statement, the current round of treasury bonds procurement projects, which is widely expected in the market.

The size of the new round of treasury bond purchases is slightly larger than the $500 billion expected by the previous market.

The total amount of real estate related assets purchased by the Federal Reserve between December 2008 and March 2010 amounted to US $1 trillion and 700 billion.

The statement points out that the Federal Reserve Market Committee (FOMC) adopted the new credit stimulus project with the result of 10 votes in favour and 1 votes against it.

According to the statement, the current economic recovery rate is disappointing and slow.

As the Fed's favorite policy tool, the Fed also decided to keep the Fed's benchmark interest rate between 0 and 0.25% of the record low.

Interest rates have not changed since December 2008.

The Fed also maintained the phrase "maintaining interest rates at a very low level for quite a long time" in the policy statement.

Thomas Honig, chairman of Kansas City fed, voted seventh times in a row at the Fed's decision making meeting.

Honig pointed out that the risk of new national treasury procurement projects is far greater than the potential benefits.

The Federal Reserve Bank of New York, the main executive body of the Federal Reserve's monetary policy, also released some details of its bond procurement plan.

The New York Fed said it would buy $850 billion to $900 billion in treasury bonds in the next 5 months.

This includes the $600 billion purchase approved by the Federal Reserve, and the $250 billion to $300 billion balance of previously approved mortgage backed securities reinvested into the Treasury bond market.

The New York Fed said in its statement Wednesday that the average maturity of the Fed's treasury bonds is between 5 and 6 years.

On the eighth day of each month, the Fed will announce details of its Treasury purchase plan.